Peter Kim of Island Associates recently completed a 1,250 s/f retail lease for Nail Spa at 2890 Hempstead Tpke. Nail Spa joins Palm Beach Tan, across from the Bally's and CVS center. Aggregate rental is approximately $40,000. Kim represented both parties in this transaction.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.